Customers can earn bonuses of up to 100 basis points off their annual nominal interest rate depending on the products and services they arrange each year.

Possible bonuses include a discount if the property being financed has a sustainable energy rating.

Madrid, 20 June 2019 - Market launch of a new flexible bonus module for Santander's mortgage range (fixed, variable and non-residential mortgages) that allows the customer to benefit from discounted interest rates, for the term of the mortgage, depending on the products and services they choose to arrange. Through this renewed offer, the customer can decide to increase the number of products they have in place with the entity every year and change them as they wish, depending on their life cycle and financial planning.

The customer can access this range of mortgages without arranging any associated product, but they will get discounts of up to 100 basis points off the applicable nominal interest rate (the current offer with discounts applied is based on euribor + 0.99% at variable rate and 1.90% at fixed nominal interest rate) by meeting the maximum bonus conditions set out in the attached table.

1 As regards sustainable home certificates, certificates recognised within the market will be accepted

As of the start of the year, the bank now assumes all costs associated with mortgage agreements: registry and notary fees, registry statement, appraisal fees (when the appraisal is requested by the bank), accountancy fees and taxes on documented legal transactions (IAJD according to its Spanish initials).

Sustainable homes
In addition, any mortgaged property with an A or A+ energy rating or that is considered a sustainable home, pursuant to the necessary certificates issued by industry-recognised companies, will get a discount of 10 basis points on the mortgage base rate. The bank is thus strengthening its commitment to incentivising energy efficiency and adapting its financial products to the commitment assumed as a responsible bank, taking into account social and environmental factors when making financial decisions. In this area, Santander also stands out as a leader in SRI (socially responsible investment) funds in Spain, with more than 66% of assets under these products managed by Santander Asset Management.